Palmer Clay Products Co. v. Brown, 297 U.S. 227 (1936)

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Author: U.S. Supreme Court

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Palmer Clay Products Co. v. Brown, 297 U.S. 227 (1936)

Palmer Clay Products Co. v. Brown


No. 125


Argued December 13, 1935
Decided February 10, 1936
297 U.S. 227

CERTIORARI TO THE MUNICIPAL COURT
OF BOSTON, MASSACHUSETTS

Syllabus

Whether a payment to a creditor by an insolvent debtor on an overdue debt, within four months of the debtor’s bankruptcy, operates as a preference, voidable by the trustee, under § 60(a), (b), of the Bankruptcy Act, depends not upon what would have been its effect on creditors if the debtor’s assets had been liquidated and distributed at the time of the payment, but upon its actual effect determined in the ensuing bankruptcy. P. 228.

290 Mass. 108, 195 N.E. 122, affirmed.

Certiorari, 296 U.S. 556, to review a judgment recovered by Brown as trustee in bankruptcy. The judgment was entered in the court below pursuant to a rescript from the Supreme Judicial Court of Massachusetts.

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Chicago: U.S. Supreme Court, "Syllabus," Palmer Clay Products Co. v. Brown, 297 U.S. 227 (1936) in 297 U.S. 227 Original Sources, accessed June 2, 2024, http://www.originalsources.com/Document.aspx?DocID=2T4S4U9K2PSCP3P.

MLA: U.S. Supreme Court. "Syllabus." Palmer Clay Products Co. v. Brown, 297 U.S. 227 (1936), in 297 U.S. 227, Original Sources. 2 Jun. 2024. http://www.originalsources.com/Document.aspx?DocID=2T4S4U9K2PSCP3P.

Harvard: U.S. Supreme Court, 'Syllabus' in Palmer Clay Products Co. v. Brown, 297 U.S. 227 (1936). cited in 1936, 297 U.S. 227. Original Sources, retrieved 2 June 2024, from http://www.originalsources.com/Document.aspx?DocID=2T4S4U9K2PSCP3P.